For SaleRisky Deal77 days on market
2635 Summer Brook St
2635 Summer Brook St, Melbourne, FL 32940, Melbourne, FL 32940
$619,900
Estimate®:$611,000
Listing Price
2635 Summer Brook St, Melbourne, FL 32940
Loc: Melbourne, FL
Days Listed
77
Tax Assessed
$482k
Estimate®
$611k
Market Rate
Lot Size
7,841 sqft
Rent Estimate
$3,552/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
9
Sherwood Elementary School
PK-6
1.1 mi away
7
Delaura Middle School
7-8
4.2 mi away
8
Satellite Senior High School
9-12
4 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
suburbanstucco exteriortwo-storyattached garagegable roofarchitectural archwayslarge drivewaymanicured lawnresidentialcontemporary suburbanAmerican flagcurb appealsunset lighting
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.93%
Total ROI
44.3%
Cash Flow
$-1,185/mo
DSCR
0.63
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,185/mo net cash flow with a 3.9% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Melbourne, FL
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-04 | Price change | $619,900 | $278 |
| 2026-07-29 | Listed for sale | $625,000 | $281 |
| 2026-07-27 | Contingent | $634,900 | $285 |
| 2026-07-08 | Listed for sale | $634,900 | $285 |
| 2022-09-13 | Sold | $619,000 | $278 |
| 2022-08-14 | Contingent | $619,000 | $278 |
| 2022-08-09 | Price change | $619,000 | $278 |
| 2022-07-21 | Price change | $619,900 | $278 |
| 2022-06-20 | Price change | $624,500 | $281 |
| 2022-06-07 | Price change | $625,000 | $281 |
| 2022-05-17 | Price change | $619,000 | $278 |
| 2022-05-09 | Price change | $620,000 | $279 |
| 2022-05-06 | Price change | $630,000 | $283 |
| 2022-04-30 | Price change | $625,000 | $281 |
| 2022-04-26 | Price change | $630,000 | $283 |
| 2022-04-24 | Price change | $635,000 | $285 |
| 2022-04-20 | Listed for sale | $645,000 | $290 |
| 2018-03-15 | Listing removed | $290,000 | $130 |
| 2018-03-14 | Sold | $290,000 | $130 |
| 2017-03-22 | Pending sale | $290,000 | $130 |
| 2017-03-22 | Price change | $290,000 | $130 |
| 2016-09-27 | Price change | $304,750 | $137 |
| 2016-09-19 | Price change | $309,750 | $139 |
| 2016-09-09 | Price change | $313,750 | $141 |
| 2016-08-12 | Price change | $319,750 | $144 |
| 2016-07-08 | Price change | $324,750 | $146 |
| 2016-06-30 | Listed for sale | $324,850 | $146 |
| 1994-12-01 | Sold | $137,100 | $62 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $7,815 | $482,050 |
| 2024 | $7,403.17 | $468,740 |
| 2023 | $8,004.89 | $498,120 |
| 2022 | $4,239.67 | $283,600 |
| 2021 | $4,306.91 | $275,340 |
| 2020 | $4,263.61 | $271,540 |
| 2019 | $4,618.68 | $281,970 |
| 2018 | $4,618.68 | $261,640 |
| 2017 | $5,128.87 | $242,050 |
| 2016 | $4,883.05 | $159,720 |
| 2015 | $2,564.92 | $158,610 |
| 2014 | $2,576.17 | $157,360 |
| 2013 | $0 | $161,570 |
| 2012 | $2,455.72 | $152,450 |
| 2011 | $2,575.44 | $157,700 |
| 2010 | $2,728.01 | $188,380 |
| 2009 | $2,455.24 | $204,090 |
| 2008 | $2,387.34 | $252,000 |
| 2007 | $2,530.41 | $279,000 |
| 2005 | $1,943.6 | $233,410 |
| 2004 | $1,972.96 | $168,260 |
| 2003 | $1,992.65 | $145,680 |
| 2002 | $1,908.54 | $135,360 |
| 2001 | $1,856.61 | $130,290 |
| 2000 | $1,747.27 | $116,780 |
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